Huawei ranks first in the world, with a listing valuation of US $1.3 trillion
On October 26, Ni Guangnan, academician of the Chinese Academy of engineering, introduced the market value ranking of global enterprises in the field of information and communication at the high quality development forum of Chinese enterprises.
Ni Guangnan said in his speech: Huawei is not listed, but some people estimate that the market value is US $1300 billion, the first in the world. I think it should be no problem. Huawei comes first from its business and innovation.
At present, the company with the highest market value is apple, which has exceeded US $trillion. Apple's revenue in 2018 was US $265.595 billion, and its total net profit was as high as US $59.531 billion, while Huawei's annual revenue in 2018 was only US $109.03 billion, and its net profit was only US $8.953 billion.
The revenue can not directly reflect the market value of the enterprise, but apple and Huawei are both top enterprises in the world, and the valuation of Huawei is often praised by people.